Bills · S 1314
IN COMMITTEE· 119TH CONGRESS
Senate BillS 1314Taxation
Travel Trailer and Camper Tax Parity Act
INTRO APR 7· LAST ACTION APR 7
READING
1MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it aims to create tax fairness between different types of vehicle dealerships. Currently, car dealerships can fully deduct interest on loans used to buy their inventory, while dealerships selling recreational trailers and campers may face limits on these deductions. Passing this bill would put RV and camper dealerships on the same footing as car dealerships regarding this specific tax treatment.
If this bill becomes law, it could help recreational vehicle dealerships by reducing their operating costs, potentially supporting the growth and stability of businesses in the recreational vehicle industry. If it doesn't pass, these dealerships would continue to operate under the current tax rules, which some argue disadvantage them compared to other vehicle sellers.
KEY PROVISIONS
3AI-extractedPROVISION 01
Amends the Internal Revenue Code of 1986 to include certain trailers and campers in the definition of 'floor plan financing.'
This is the core change that allows dealerships selling these vehicles to fully deduct interest on their inventory loans.
PROVISION 02
Specifies that the included trailers and campers must be designed for temporary living quarters for recreational, camping, or seasonal use, and be towable by or affixable to a motor vehicle.
This clarifies the exact types of recreational vehicles that will qualify for the tax treatment.
PROVISION 03
Sets an effective date for the amendment to apply to taxable years beginning after December 31, 2024.
This tells businesses and the IRS when the new tax rules will officially take effect.
SPONSORSHIP
1 + 0
R· Iowa
YRS IN OFFICE
11
BILLS LED
99
ACTION TIMELINE
2 EVENTSAPR 7
Introduced in Senate
APR 7
Read twice and referred to the Committee on Finance.
BILL INFO
TypeSenate Bill
NumberS 1314
Congress119th
StatusIn Committee
IntroducedApr 7, 2025
Last actionApr 7, 2025
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IN COMMITTEE· 119TH CONGRESS · SENATE · INTRODUCED APR 7, 2025
Senate BillS 1314Taxation
Travel Trailer and Camper Tax Parity Act
INTRODUCED APR 7, 2025· LAST ACTION APR 7, 2025
PASSAGE CHANCES
—%
READING
1 min
COSPONSORS
0
COMPLEXITY
Moderate
